Well hello Daily Poverty Post, funny seeing you here! And by the way, love the name Daily Poverty Post; very catchy, especially the Daily part — who gave you such an unrealistic name?
It’s been quite a few days since Bossy has had anything to say about her debt, so this morning she thought she’d climb online to see what kind of advice financial experts are giving as we swerve into a new year.
Jamie Golombek’s article from the Financial Post was the first thing to catch Bossy’s eye, because it should come as no surprise that a Bossy in debt is also the same Bossy who has not been taking advantage of tax code.
The following ten tips are lifted straight from Jamie Golombek.
- Open a tax-free savings account (TFSA), a concept which was launched the first of this year. But wait, does this mean Bossy’s other withdrawals are taxed? Confusion.
- Maximize RRSP contributions. Hey Jamie Golombek — what are RRSP contributions?
- Set up a spousal RRSP. Hey Jamie Golombek — what’s a spousal RRSP?
We Interrupt This Bossy In Progress For An Emily Litella Moment: upon further inspection, Bossy is quoting Jamie Golombek, who is quoting Canadian tax code.
So for Bossy’s Canadian readers, have at the TFSA and the RRSP! For the rest of you, Bossy suggests a bed and covers pulled over head. That’s where you’ll find Bossy.